Tilray CEO: We're a consumer goods company

Tilray Brands (TLRY) recently reported its first quarter earnings, revealing a narrower-than-expected loss but falling short of revenue estimates. The company posted revenue of $200 million, missing Wall Street's projection of $219.2 million. However, the adjusted earnings per share (EPS) showed a loss of $0.01, below the expected $0.04 loss per share. Tilray CEO Irwin Simon joins Market Domination to discuss the report and share his outlook on the company. Simon emphasizes that Tilray approaches its business from an annual perspective rather than focusing on quarterly results. He notes that year-over-year, the company has grown its cannabis business by 13%, emphasizing margin expansion and profitability. Additionally, the beverage business saw growth of over 139%, boosted by a new Molson Coors (TAP) deal. Simon addresses the discrepancy between analyst expectations and actual results, stating, "Yes, you can look back and say there are analyst expectations out there, but there's seasonality within the business. There's timing on new product rollouts, and we don't run it quarter to quarter. We look at it from a year standpoint, and timing from our expectations and analyst expectations may not always align." Simon highlights Tilray's strong balance sheet and positive EBITDA, underscoring the company's growth. He points out that Tilray has "44 great brands" and a diverse portfolio spanning recreational and medical cannabis. Beyond cannabis, Tilray has become the fifth-largest craft brewer in the US, maintained a growing alcohol spirits business, and established itself as the No. 1 medical cannabis provider in Europe. "What Tilray did as a company, we diversified with adjacencies. We're not just a cannabis company today; we are a consumer packaged goods company with great brands in growing categories that we believe can take market share," Simon states.
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[swiftdude]

Thanks for the update, keep up the good work.Learned a lot from my market journey, especially the importance of living within one's means. With Leila Cato’s guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind

[ricodane]

I’m way deep under water in this stock. Mr. CEO you need to get things turn around…

[RevitupPhil]

If they're doing so well why do they dilute stock every other quarter??

[michaellondon]

I do give him credit for selling more than mj.

[bigbrother]

Mr CEO how much did you steal this year from retail investors??

[majortwang]

It’s legal and they have no traction after many years of growing bunk weed in Canada. Watch customer reviews… Simon wants to keep his job by pumping USA légalisation. Expect the same no-traction trying to sell bunk weed in the states. Northern Cali has you covered. Just like BCBUD in Canada. They have been serving folks well for 60 years. Tilray is great at mold recalls.

[majortwang]

Tilray’s Germany sales are nothing… Germany came to visit Tilray to investigate… They decided to implement social clubs to grow cannabis. They don’t want big corporation setting up expensive set-up to grow cannabis. Cannabis should not be grown in cold climate. It hurts your bottom line big time. Ad the internet reputation that they grow expensive bunk weed? Doomed. Mark my words!🎯

[sailee]

the guys eyes ae shifting all over the place he cant even look into the camera.

[emptyempty]

Warning SCAM stock diluting shareholders constantly.

[majortwang]

Old Simon says « but something needs to happen ». You don’t say. How about growing good cannabis!!!

[fb]

The sentiment is currently so bad, and we are also just before the elections, this interaction has prompted me to invest in Tilray today.

[majortwang]

Simon wants to make beer fun again as the as the Cancer Institute claims that beer is a cancer agent.
In any quantity! Brillant move!🎯AndMexico will pay for the wall…